Why Disney+ Is Bad News for Netflix?
Last week, Disney announced it will launch its Disney+ streaming service in November, charging $6.99 a month. It’ll have a huge array of content, including new Star Wars and Marvel shows. Disney is pulling a lot of content from Netflix this year as well.
When Disney+ goes live, Netflix could see an impact on subscriber growth and have a tougher time pushing through price hikes. Keep in mind that while Netflix reports adjusted earnings, it’s been burning a lot of cash.
NETFLIX SHORT (Sell)
Enter at: 342.15